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17 Oct 2022

Financial Markets

The Baht weakened while the SET rose over-week


        The Thai stock market rose over-week after dropping for 3 consecutive weeks. The SET index surged early in the week due to the purchases of institutional investors on hopes towards the government’s economic stimulus measures at the end of the year. The SET was also driven by the purchases of banking, energy and construction materials stocks before the release of 3Q22 performance results. Later, the SET moved within a tight range before dropping slightly at the end of the week in line with other regional stock markets amid concerns over the global economic outlook, as it may be affected by the acceleration of interest rate hikes by central banks.    
        On Friday, October 21, 2022, the SET closed at 1,591.32 points, up 1.96% over-week. The average daily trading value was THB59,282.17 million, up 16.38% over-week. The mai closed at 645.27 points, up 2.41% over-week.

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Financial Markets